Oil Prices Dip as US Revises Job Data Lower

Oil Prices and Employment Data

Oil prices experienced a notable decrease on Wednesday, with futures prices settling $1.15 lower at $76.05 per barrel. The U.S. West Texas Intermediate (WTI) crude, a benchmark for oil pricing, also fell by $1.24 to settle at $71.93. This decline came after the U.S. government revised its employment data, showing that far fewer jobs were added than previously reported.